Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Prudential Real Estate Investors, the estate investment management and advisory unit of Prudential Financial, Inc. (PRU - Analyst Report) has expanded its marketing team. The unit has recruited Dennis Martin managing director who will also be heading the U.S. marketing team.

Prudential’s expansion of its PREI marketing team is a strategic step in an effort to take advantage of the growth opportunities brewing in the rebounding real estate market in the U.S. Commercial real estate which is producing solid returns relative to other investment options.

This Commercial real estate growth is despite the improvement in fundamentals being slow. Moreover U.S. commercial real estate is seen as a safe haven by global investors and demand for prime assets remains far greater than supply.

After being a drag on the economy for several years, the housing market should turn into a source of growth. S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed that home prices had risen 4.3% in the 12 months ending in October. House prices are expected to continue to climb through the next year.

In October 2012, PREI raised $805 million for a fund investing in U.S. real estate debt.

PREI has been investing in real estate on behalf of institutional clients since 1970, with gross assets under management of USD $51.2 billion and net asset value of $34.6 billion, as of September 30, 2012.

Prudential Financial will release its fourth quarter 2012 earnings on Wednesday, February 6, 2013, after the market closes. The Zacks Consensus estimates earnings of $1.75 per share were down 11.3% from the actual earnings of $1.97 per share recorded in the year ago quarter.

Prudential’s stock retains a Zacks #3 Rank (Hold), we also maintain our Neutral recommendation on the company. Peers MetLife, Inc. (MET - Analyst Report), and American International Group Inc. (AIG - Analyst Report) also carry our long term Neutral recommendation.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
GENERAL FINA GFN 8.20 +5.67%
QIHOO 360 TE QIHU 91.57 +4.38%
VIPSHOP HOLD VIPS 140.01 +3.49%
INVEST TECH- ITG 19.16 +3.34%
VERTEX ENERG VTNR 7.38 +3.07%